NOTE 6 - INCOME TAXES

The Company follows ASC 740. Deferred income taxes reflect the net effect of (a) temporary difference between carrying amounts of assets and liabilities for financial purposes and the amounts used for income tax

reporting purposes, and (b) net operating loss carry-forwards. No net provision for refundable Federal income tax has been made in the accompanying statement of loss because no recoverable taxes were paid previously. Similarly, no deferred tax asset attributable to the net operating loss carry-forward has been recognized, as it is not deemed likely to be realized.

The provision for refundable federal income tax consists of the following for the periods ending:

	May 2016
Federal income tax benefit attributable to:
Current Operations	$	221,417
Less: valuation allowance		(221,417	)
Net provision for Federal income taxes	$	—

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows at May 31:

	2016			2015
Deferred tax asset attributable to:
Net operating loss carryover	$	221,417		$	165,264
Less: valuation allowance		(221,417	)		(165,264	)
Net deferred tax asset	$	—		$	—